Our 8 Step Strategic Approach
“A realistic Wealth Creation Strategy designed specifically for you”
To ensure you own the right investment property to help you achieve your goals, we follow this 8 step process when you choose Metropole to help you locate your investment property:
Step 1 – We establish your requirements
We offer a free initial consultation to establish your requirements. Your long-term intentions as well as your time frames are important because this will determine the type of property, the suburb and the strategy that we use.
We review your existing investment portfolio if you have one as well as your time frames and risk profile. We discover if your existing plans will allow you to achieve your goals.
Step 2 – We help you formulate your Wealth Creation Strategy
Now that we understand where you are and what you want to achieve we help you formulate a realistic strategy to help you achieve your goals.
There are 3 parts to this strategy:
We devise a property strategy to fit your budget, time frame and risk profile including an action plan.
Our finance affiliates will devise a strategy to set up financial buffers to buy you time. These will ensure that you know where your mortgage payments come from and that you have the financial capacity to hold on to your investments.
Structure and Asset Protection Strategy
If necessary we will refer you to qualified accountants or solicitors to ensure that you are going to be buying your property in the right structure to protect your assets and maximize its return. This could include investing through your superannuation fund or through trusts or companies.
Together we will then devise an action plan to help you implement your strategy, which could include buying top performing property investments.
Step 3 – Property search
Once you give us the go ahead, we will undertake a comprehensive search of properties available for sale to enable you to implement your wealth creation strategy.
We not only have access to the properties listed on the open market, but also to many “silent sales” before they come on the market.
We will inspect many properties on your behalf, saving you time and money. We then prioritize them, identify good opportunities and present them to you for your selection. To assist you, we include digital photos of the property, location maps, floor plans and further details as required. If one of the properties is suitable, we will then arrange an inspection time for you.
Step 4 – Due diligence process
If you are keen to proceed, we will then further evaluate and assess the property further. We may arrange a building inspection or get your solicitor to assess the documentation and Contract of Sale.
We will research why the vendor is selling and establish a level of interest in the property by the general market to enable us to establish the best way of negotiating its purchase. We will identify comparable sales and rentals in the area and assess the potential capital growth of your property based on historical trends and future indicators.
Through our access to industry databases, we can obtain up to date information about the property as well as comparable sales data which will assist in determining its value. We can also arrange a valuation if needed.
Step 5 – Acquisition strategy
If you decide to proceed, we will develop a suitable acquisition strategy to ensure we buy the property at the best price and on the best terms for you. We will negotiate with the agent on your behalf or bid at auction to ensure that you obtain the property for the lowest possible price.
Remember…over the last few years Metropole have probably bought more properties on behalf of clients that any other buyers agency in Australia so no one knows the research, due diligence and negotiation process better than we do.
Once you have purchased your investment property, our property management department can manage your asset ensuring that you obtain maximum return from your property.
Step 6 – Renovation or Development Management
We identify opportunities to add value and allow you to “manufacture” some capital growth through renovations or development during the research phase and provide detailed feasibility studies for development properties.
Step 7 – Property Investment Management
The long term success of your property investment will be maximized through proactive property management. As property investors ourselves, we really understand what you want and need.
At Metropole we can offer you the best property management service available because we are a different breed of licensed estate agents. We do not sell real estate. We lease and manage residential properties for our clients and concentrate all our resources on ensuring that your specific management needs are fulfilled.
This means we will look after your property the way we look after our own, using our professional skills and the latest technology to find quality tenants, minimise vacancies and handle marketing, repairs, maintenance, accounting and legal compliance efficiently and cost-effectively.
… and the real benefit is a generally better return on your investments with minimum fuss and more peace of mind.
Step 8 – Portfolio Review
We review your portfolio regularly to make sure you are on track to achieve your investment objectives. If you ever need to sell a property we can assist you with unbiased and expert advice through the agent selection & sales process. Our vendor’s advocacy service is available at no additional cost to you.
Please call us on 1300 20 30 30 to find out how we can help you or complete this form to send us your wish list and we will contact you.